ICR

Graphite Capital is developing ICR into an international provider of specialist engineered repair solutions to the global energy and industrial sectors

ICR has a strong presence in the North Sea, the Middle East, America and Australia, alongside a global partner network. The group’s core propositions are specialist engineered composite repair products and weldless connector technologies that address degradation and corrosion in ageing critical infrastructure, extending the life of key high-pressure systems. Alongside this, ICR provides chemical injection pumps that facilitate the efficient operation of fluid systems across industrial end-markets. ICR serves a significant global infrastructure base, with demand driven by asset degradation. ICR differentiates itself through strong technical capabilities, a track record of successful projects and its ability to operate in high-risk environments.

The global industrial infrastructure is ageing and requires increasing remediation. In the UK North Sea, 60% of the over 300 offshore installations have operated for more than 20 years, many of them beyond their original design life. Consequently, UK North Sea maintenance spend has grown significantly over the past 15 years. Onshore industrial installations in the UK and across the world also have a similarly ageing profile which will continue to drive growth opportunities for ICR.

ICR has a strong reputation for quality and deliverability in a sector with strict health and safety requirements. Graphite is supporting ICR’s international expansion by establishing sales hubs in new geographies and investing in certification processes, alongside the development of its R&D pipeline to launch new products.

ICR